New Delhi, April 13 -- BSE Sensex falls in the early trade. The broader Nifty, too, falls on Thursday. The Indian rupee, tracking Asian currencies, rises against the US dollar. The shares of Infosys fall 2% after the company reported weaker then expected constant currency guidance. Reliance Power shares and the metal stocks trade lower, while Arshiya Ltd shares rise.
9.35am: BSE Sensex trades lower by 90 points, or 0.30%, to 29,553, while the Nifty 50 falls 25 points, or 0.28%, to 9,178.
9.32am: Infosys Ltd fell 2% to Rs952.10 after the company reported weaker then expected constant currency guidance to 6.5-8.5% from 7.2-9.4% estimates according to 15 analysts polled by Bloomberg.
9.30am: Reliance Power Ltd fell 0.2% to Rs47.90 ahead of its March quarter earnings. According to Bloomberg analysts, the company may post a net profit of Rs281.50 crore, while net sales will be at Rs2543.70 crore.
9.28am: Metal stocks were trading lower. Vedanta Ltd fell 2.4%, Hindalco Industries Ltd 2%, Jindal Steel & Power Ltd 1.7%, Steel Authority of India 1.4%, JSW Steel Ltd 1.5% and Tata Steel Ltd 1.1%.
9.25am: Adani Ports and Special Economic Zone Ltd fell 2% to Rs320.80 after broking firm Macquarie downgraded the stock to "neutral" from "outperform".
9.20am: Arshiya Ltd rose 3% to Rs80 after the company said Singapore's Ascendas to buy six warehouses of the company for gross consideration of Rs534 crore.
9.15am: The rupee opened at 64.50 a dollar. At 9.15am, the home currency was trading at 64.37, up 0.46% from its Wednesday's close of 64.67.
9.10am: The 10-year bond yield was trading at 6.779% compared to its previous close of 6.782%. Bond yields and prices move in opposite directions.
9.00am: Asian currencies were trading higher. South Korean won was up 0.93%, Taiwan dollar 0.92%, Philippines peso 0.33%, China renminbi 0.2%, Thai baht 0.2%, China offshore 0.15%, Indonesian rupiah 0.08% and Malaysian ringgit 0.07%.
Published by HT Digital Content Services with permission from MINT.